RAPAPORT... De Beers has trimmed its production plan for the next two years, aiming to avoid releasing too much rough into the market as the diamond sector attempts to exit the crisis that dominated 2020.The miner expects to unearth 33 million to 35 million carats in 2021, down from its previous forecast of 34 million to 36 million carats, parent company Anglo American said Friday in a presen...Read More

RAPAPORT... E-commerce spending in the US spiked in the week following Cyber Monday, as shoppers raced to make holiday purchases prior to the predicted rise in shipping costs, according to Adobe Analytics.Online sales jumped 49% year on year from December 1 to 9, with consumers buying before December 11, when vendors generally raise shipping charges for those who want their gifts by Christmas, Ado...Read More

RAPAPORT... An emerald and diamond ring was the top lot at the Magnificent Jewels sale at Sotheby's in New York, fetching nearly four times its presale valuation.The square emerald-cut, 21.86-carat stone, flanked by baguette diamonds, brought in $3.7 million against a high estimate of $1 million, the auction house said last week. The piece was one of 29 up for sale from the collection of philanthr...Read More

(IDEX Online) - Distiller Jack Daniel's has launched a range of men's wedding rings, incorporating wood from the oak barrels used to age its whiskey, and costing up to $5,000.It is partnering with Manly Bands, which already offers a range of over 300 rings made from damascus steel, antler, meteorite, tungsten, dinosaur bone and other non-traditional materials.The range of 17 rings in the...Read More

(IDEX Online) - Sales of diamond jewelry in India are recovering and could reach 85 per cent of last year, despite the pandemic, says De Beers.A surge over the Diwali period, together with strong performances early in 2020 before COVID-19 hit, will largely make up for the second-quarter "washout", said De Beers India managing director Sachin Jain."We saw very high surge in number of consumers with...Read More

(IDEX Online) - The cost of crime against jewelers in the US almost doubled in 2019.But the actual number of thefts, burglaries and robberies was virtually unchanged at 1,438, indicating a steep rise in the value of goods taken in each crime.The total cost last year was ?, ?101m, up 89 per cent, according to the Jewelers Security Alliance's (JSA) Annual Crime Report.The average loss from soph...Read More

Hit the road for an adventure with access to Outdoorsy's RV rental marketplace in Canada and the US, where it connects RV owners with campers.Read full newsRead More

Demand for commodities, tangible assets and the companies that mine, manufacture and transport them is about to blow sky-high predicts, Steen Jakobsen.Read full newsRead More

The headlong rush for that gold is one of the ugliest market forces in the world.Read full newsRead More

Warren Buffett has a long track record of using share price declines, such as those experienced during a stock market crash, to his advantage. He has often used deteriorating market prospects to buy high-quality stocks at low prices. By holding them for the long run, he has generated impressive returns over a sustained period of time.Therefore, while the rising Bitcoin and gold prices may seem app...Read More

Gold stocks sold off in recent weeks amid a wave of positive COVID vaccine announcements. Value investors with a contrarian investing strategy are wondering if this is a good time to add gold miners to their portfolios.Gold price outlookAt the time of writing gold trades near US$1,840 per ounce. That’s down from the August high around US$2,080. The pullback over the past four months has been...Read More

Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More

Nickel's three-month price was the star performer on Monday December 14 on the London Metal Exchange, rising by 1.7% at the 5pm close compared with Friday, on a day when the majority of the base-metals complex showed price rises of more than 1%.Nickel rose by 1.7% on Monday, the highest among the complex, to $17,590 per tonne from Friday's closing price of $17,278 per tonne.The metal also once mor...Read More

US copper miner Freeport-McMoRan and Chinese smelters including China Copper, Jiangxi Copper and Tongling Nonferrous have agreed annual copper concentrate supply contracts with terms set at their lowest levels in a decade. Treatment and refining charges (TC/RCs), discounts on exchange prices that compensate smelters processing concentrates into commodity-grade metal, were set at $59.50 per tonne /...Read More

Jack ChanPosted Dec 14, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is o...Read More

The company has said Tamarack was positioned to become the only US source of "green nickel", following Tesla's call for clean nickel and the expected growing demand for the battery mineral.Talon said the over-allotment option for its offering, also priced at 30c per share, was exercised in full.Talon can acquire up to 60% of Rio Tinto's Tamarack, after turning down the option to purchase Rio subsi...Read More

Strength in the manganese alloy market supported portside and seaborne ore prices for January in China in the week to December 11, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by 10 cents or 2.7% week on week to $3.87 per dry metric tonne unit (dmtu) on Friday from $3.77 per dmtu the week previous.Fastmarkets' corresponding manganese ore index 37% Mn, fob Port Elizabeth i...Read More

Rod McIllree, chief executive of Bluejay, said the licence "allows us to now implement the initial 440,000 tonnes ilmenite concentrate per annum operation".Read More

Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata") is pleased to announce it has received a purchase order of USD $1.6 million for devices within the in-vehicle category of its 4G/LTE portfolio for a leading U.S. cellular carrier. Marc Seelenfreund, CEO of Siyata, stated, "We are very pleased to receive this purchase order which is expected to be fulfilled with...Read More

US copper miner Freeport-McMoRan and Chinese smelters including China Copper, Jiangxi Copper and Tongling Nonferrous have agreed annual copper concentrate supply contracts with terms set at their lowest levels in a decade. Treatment and refining charges (TC/RCs), discounts on exchange prices that compensate smelters processing concentrates into commodity-grade metal, were set at $59.50 per tonne /...Read More